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Z Capital becomes controlling shareholder of Neways
Z Capital Partners, LLC acquired the minority ownership shares in Neways Enterprises, manufacturer and distributor of personal care, health & wellness and household products. With the transaction, Z Capital now holds the majority controlling stake in Neways.
"We are excited to complete this acquisition and become the majority shareholder of Neways," said James J. Zenni, President and Chief Executive Officer of Z Capital, in a statement.
Zenni added that Z Capital is committed to supporting Neways globally and that it is devoted to expand the company around the world.
"Since Robert Conlee was appointed as CEO, Neways has improved global operations and is successfully executing a new member led Direct to Consumer (DTC) strategy," Zenni said. "On behalf of the entire Board, I look forward to continuing to work with Robert and the rest of the talented Neways leadership team to expand new markets, introduce new products, and propel the Company's path of growth and success."